A sharp rise has been recorded in the cryptocurrency market over the last 24 hours.
“Elchi” reports that on the “CoinMarketCap” platform, Bitcoin has increased by 4.97% over the last 24 hours, rising to $81,045.75.
Ethereum rose by 6.15% to $2,619.97, BNB increased by 1.84% to $763.59, and Zcash rose by 3.37% to $1,534.36. A stronger growth was recorded in Monero – the cryptocurrency appreciated by 11.38% to $573.35. Bittensor gained 6.78%, and Bitcoin Cash gained 1.25% in value.
Positive dynamics were also observed in gold-backed cryptocurrencies. PAX Gold (PAXG) rose by 0.36% to $4,368.22.
The CoinMarketCap 20 index increased by 5.35% over the last 24 hours, reaching 169.04 points. Bitcoin’s market capitalization has approached $1.63 trillion.
Bitcoin’s rise is occurring against the backdrop of a continuing recovery following the previous sharp sell-off. At the same time, the decline in oil prices and the decrease in U.S. Treasury bond yields have supported the restoration of interest in risky assets. However, the Federal Reserve’s 25 basis point interest rate hike and signals of further increases remain one of the main risks for the market.